KEMLAND: what changed
KEMLAND
Largest movements
- Tangible fixed assets +€29,043
up €29,043 (+32.6%), from €89,003 to €118,046
of which Furniture and vehicles: +€28,586
- Cash -€11,250
down €11,250 (-6.5%), from €173,618 to €162,368
mainly Investment in fixed assets (net) (-€55,358) and Receivables within one year (-€9,866)
- Receivables within one year +€9,866
up €9,866 (+13.1%), from €75,262 to €85,128
of which Other amounts receivable: +€18,905
- Deferred charges and accrued income -€4,020
down €4,020 (-36.3%), from €11,085 to €7,065
- Reserves +€16,995
up €16,995 (+5.2%), from €329,820 to €346,815
- Trade debts +€10,346
new in 2025: €10,346
- Gross operating margin -€37,097
down €37,097 (-45.2%), from €82,017 to €44,919
- Taxes -€8,581
down €8,581 (-60.6%), from €14,160 to €5,578
- Depreciation +€943
up €943 (+3.7%), from €25,372 to €26,315
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,814 | €375,171 | +€24,357 | +6.9% |
| Fixed assets | 21/28 | €89,003 | €118,046 | +€29,043 | +32.6% |
| Tangible fixed assets | 22/27 | €89,003 | €118,046 | +€29,043 | +32.6% |
| Plant, machinery and equipment | 23 | €5,585 | €6,041 | +€456 | +8.2% |
| Furniture and vehicles | 24 | €83,418 | €112,004 | +€28,586 | +34.3% |
| Current assets | 29/58 | €261,811 | €257,125 | -€4,686 | -1.8% |
| Stocks and contracts in progress | 3 | €1,846 | €2,565 | +€719 | +38.9% |
| Stocks | 30/36 | €1,846 | €2,565 | +€719 | +38.9% |
| Amounts receivable within one year | 40/41 | €75,262 | €85,128 | +€9,866 | +13.1% |
| Trade receivables | 40 | €67,698 | €58,659 | -€9,039 | -13.4% |
| Other amounts receivable | 41 | €7,564 | €26,469 | +€18,905 | +250% |
| Cash at bank and in hand | 54/58 | €173,618 | €162,368 | -€11,250 | -6.5% |
| Deferred charges and accrued income | 490/1 | €11,085 | €7,065 | -€4,020 | -36.3% |
| Total equity and liabilities | 10/49 | €350,814 | €375,171 | +€24,357 | +6.9% |
| Equity | 10/15 | €331,820 | €348,815 | +€16,995 | +5.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €329,820 | €346,815 | +€16,995 | +5.2% |
| Distributable reserves | 133 | €329,820 | €346,815 | +€16,995 | +5.2% |
| Amounts payable | 17/49 | €18,994 | €26,356 | +€7,362 | +38.8% |
| Amounts payable within one year | 42/48 | €18,994 | €26,356 | +€7,362 | +38.8% |
| Trade debts | 44 | - | €10,346 | +€10,346 | |
| Suppliers | 440/4 | - | €10,346 | +€10,346 | |
| Other amounts payable | 47/48 | €18,994 | €16,010 | -€2,983 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,372 | €26,315 | +€943 | +3.7% |
| Other operating charges | 640/8 | €307 | €145 | -€163 | -52.9% |
| Gross operating margin | 9900 | €82,017 | €44,919 | -€37,097 | -45.2% |
| Operating profit (loss) | 9901 | €56,337 | €18,459 | -€37,878 | -67.2% |
| Financial income | 75/76B | €4,168 | €4,239 | +€70 | +1.7% |
| Recurring financial income | 75 | €4,168 | €4,239 | +€70 | +1.7% |
| Financial charges | 65/66B | €407 | €125 | -€283 | -69.4% |
| Recurring financial charges | 65 | €407 | €125 | -€283 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €60,098 | €22,573 | -€37,525 | -62.4% |
| Income taxes | 67/77 | €14,160 | €5,578 | -€8,581 | -60.6% |
| Profit (loss) for the period | 9904 | €45,938 | €16,995 | -€28,944 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,938 | €16,995 | -€28,944 | -63.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.